$4,000,000

323 N Soto Street, Los Angeles, CA 90033

10,364 sqft

other
Built in 1929
6,970sqft lot
—— car garage
$386/sqft
Listed 1 month ago

Property Description

Introducing The Silver on Soto Apartments - an exceptional investment opportunity in the thriving Boyle Heights neighborhood! This renovated 40-unit property at 323 N Soto Street, Los Angeles CA 90033 presents a turn-key asset with recent upgrades totaling over $300,000, including modern amenities and revitalized interiors. Strategically designed with a "Micro Unit" model, catering to the market demand for efficient living spaces, this property boasts a mix of bachelor units, maximizing revenue potential. With a current occupancy rate of 95% and a strong financial performance, this investment offers a solid NOI, presenting a current cap rate of 7.29% and a promising pro forma cap rate of 9.61%. Discover the potential for excellent returns and minimal capital expenditure requirements at The Silver on Soto Apartments! Turn-Key Renovated Asset in High-Growth Boyle Heights: This 40-unit apartment building underwent a comprehensive renovation in 2025. With over $300,000 in recently completed upgrades-including new plumbing, electrical systems, paint, flooring, and cabinetry-the property offers a modernized, turn-key investment with minimal immediate capital expenditure requirements. Strategic "Micro Unit" Model Maximizing Market Efficiency: Composed primarily of bachelor units (95% of

Listing Status:: Active
Date Added:: February 27, 2026
Data Last Updated:: April 2, 2026 at 2:08PM
Listing Office:: Altman Apartments LLC : 310-903-0222
Listing Agent:: Logan Altman : 310-903-0222
MLS ID:: CRSR26043369

Laundry: Common AreaOther
Flooring: Laminate
A/C: None
Heating: Natural GasWall Furnace

Parking: None

General: StuccoOther

HOA Amenities: 0.0
Originating MLS: CRMLS
County: Los Angeles

Zoning: C1-15175010020
View: City LightsOther

Source: CRMLS

This listing courtesy of Logan Altman , Altman Apartments LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sheridan Street Elementary School

416 Cornwell St, Los Angeles, CA, 90033

Grades PK-6

0.18 miles away

Hollenbeck Middle School

2510 E 6th St, Los Angeles, CA, 90023

Grades 6-8

0.80 miles away

Math, Science, & Technology Magnet Academy at Roosevelt High School

456 S Mathews St, Los Angeles, CA, 90033

Grades 9-12

0.67 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.